March 7, 2022 Russia-Ukraine news | CNN

March 7, 2022 Russia-Ukraine news

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'Green light for further bombing': Zelensky slams NATO for rejecting no-fly zone
01:25 - Source: CNN

What we covered here

  • A Russian strike hit a civilian evacuation point outside Kyiv, reportedly killing eight people, including two children, as they tried to flee their homes.
  • Fears are mounting for civilians trapped in the cities of Mariupol, Volnovakha and Kyiv as the Russian onslaught continues.
  • Russia has proposed a new ceasefire starting 10 a.m. Moscow time Tuesday (or 2 a.m. ET) in five Ukrainian cities. Ukraine has yet to formally agree to the proposal. 
  • At least 1.5 million refugees have fled Ukraine since the beginning of the invasion, the UN estimates.
  • Want to help? Learn how to support humanitarian efforts in Ukraine here. 
  • Having connection issues? Bookmark CNN’s lite site for fast connectivity. You can also read updates at CNN Español here.
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Our live coverage of the Russia’s invasion of Ukraine has moved here.

Russian families turn to Ukrainian hotline in desperate search for lost soldiers

These are excerpts from audio recordings made to a Ukrainian government-run hotline. Mothers and fathers, wives, siblings and others are engaged in a desperate search for their loved ones as Russia’s war with Ukraine extends seemingly without end.

The shaky voices at the end of the line are not calling to search for Ukrainians, however – they are looking for information on Russian soldiers.

In recordings shared exclusively with CNN by the Ukrainian officials operating the hotline, the desperation and uncertainty in the callers’ voices sheds light on how tightly Moscow is controlling communications about the war.

The recordings indicate that many Russian soldiers seemed to not have known what their plans were or why they were being deployed, and bolster reports of Russian soldiers being denied communication with their families.

Videos have appeared online since the invasion began on February 24 showing Ukrainian civilians and soldiers allowing Russian soldiers to call home and speak with their parents.

The hotline, called “Come Back From Ukraine Alive,” was established by the Ukrainian Interior Ministry, which has acknowledged that the initiative is both a humanitarian and a propaganda tool.

Read the full story here:

Kristina, a psychologist by training, takes calls from Russians seeking information about their relatives in the Russian Army.

Related article Russian families turn to Ukrainian hotline in desperate search for lost soldiers

Australia places more sanctions on Russia

Australia is placing further sanctions on Russia targeting senior military officers and state propagandists for “trying to legitimatise Russia’s unprovoked, unjustified invasion with false narratives such as the ‘de-Nazification’ of Ukraine,” said the country’s Ministry for Foreign Affairs in a statement on Tuesday.

It added that Australia will also sanction ten people of “strategic interest to Russia” for their role in “encouraging hostility towards Ukraine” and promoting pro-Kremlin propaganda to legitimize Russia’s invasion.

Addressing Russian media: The Australian government is also working with Facebook, Twitter and Google to suspend content by Russian state media in Australia, said the statement.

Zelensky warns Russia will not stop at Ukraine: “We will come first. You will come second”

Ukrainian President Volodymyr Zelensky warned Western countries that the war will not stop at Ukraine – and an attack on freedoms there will affect the rest of the world.

During an interview on ABC World News Tonight with David Muir on Monday, Zelensky again highlighted the need to secure Ukraine’s airspace – something he has urged the US and NATO to help do, to no avail.

“We cannot allow Russia to be active there only, because they’re bombing us, they are shelling us, they are sending missiles, helicopters, jet fighters – a lot of things,” Zelensky said. “We don’t control our sky.”

He added that he believes US President Joe Biden “can do more” to stop the war. “I am sure he can and I would like to believe that. He is capable of doing that,” Zelensky said.

The US stance: The US and NATO oppose creating a no-fly zone in Ukraine, warning that such a move could lead to “full-fledged war in Europe.” Russian President Vladimir Putin said Saturday countries imposing such a no-fly zone would be considered to be participating in the conflict.

On Monday, the White House said Biden remains firm in his commitment to keep US troops out of the conflict.

Zelensky’s response: The Ukrainian president said missiles were hitting civilian structures including universities and pediatric clinics. If a missile is flying overhead, “I think there is no other answer … they need to be shot down. You have to preserve lives,” he said.

And he warned the war would affect the rest of the world:

Putin's autocratic vision is for a "Russian World"

Russian President Vladimir Putin’s invasion of Ukraine is increasingly targeting civilians as his military runs into a fiercer-than-expected resistance and more and more refugees head to the border.

Meanwhile, his government has tightened its grip on the media to control what Russians see and think:

  • Censorship: new law makes discrediting the Russian military punishable by hefty fines or up to 15 years in prison. The law against “fake” news prohibits making references to the military operation in Ukraine as an “attack, invasion or declaration of war.”
  • Information crackdown: Western news sites and Facebook have been blocked to keep information from the population.
  • Mass arrests: More than 13,000 people have been arrested in Russia in anti-war demonstrations, according to an independent monitoring group, although CNN cannot verify the numbers.

What this means for Russia: The country and government have been “authoritarian for a long time, it’s getting worse and worse and worse,” said Beth Sanner, former deputy director of National Intelligence.

Russia is also increasingly cut off from much of the West, with heavy sanctions and a growing number of businesses pulling out from Russia – including Netflix and TikTok.

Putin’s vision: The Russian strongman could be seeking a Russian empire of sorts, according to Fiona Hill, a former White House official and Russia expert.

Putin has been slowly acquiring land since 2008, bringing neighbors under his control and setting the precedent that he can take by force whomever resists, she said, pointing to Putin’s belief in a “Russkiy Mir” or Russian World.

Read more here.

How Russia's internet could soon start to look a lot like China's

Like much else about the country, Russia’s internet has long straddled East and West.

Russian citizens, unlike their Chinese counterparts, have been able to access US tech platforms such as Facebook, Twitter and Google, though they have been subject to censorship and restrictions — the defining feature of China’s internet model.

But Russia’s invasion of Ukraine, which has increasingly isolated the country in recent days, could also prove to be the death knell for its presence on the worldwide web.

Facebook blocked: On Friday, as sanctions on Russia tightened and fighting in Ukraine continued to intensify, the Russian government said it had decided to block Facebook, citing the social network’s moves in recent days to impose restrictions on Russia-controlled media outlets.

While Facebook is by no means the largest platform in the country, blocking it may be a symbolic move to indicate that President Vladimir Putin’s government is prepared to go after big global names if they don’t toe the party line. (Instagram and WhatsApp, which are more popular in Russia and also owned by Facebook’s parent company Meta, have not yet been blocked). Already, the country’s main telecom agency, Rozkomnadzor, is exerting pressure on Google (GOOGL) over what it terms “false” information, and has reportedly restricted Twitter (TWTR) as well. Other platforms are choosing to halt operations on their own.

Crackdown on information: Being cut off from Russia may not pose an existential threat to Western tech platforms, some of which count their audience in the billions. But these moves have major implications for the ability of Russians to access information and express themselves freely. At a more fundamental level, it could also further accelerate the fracturing of the global internet as we know it.

Read the full story here.

US State Department: Russian embassy's claim is "a flat out lie"

The US State Department said a tweet from Russia’s Embassy in the United Kingdom was a “flat out lie.” 

The tweet, posted Monday, claimed that Russia’s military actions aimed “to stop any war that could take place on Ukrainian territory or that could start from there,” quoting Russian Foreign Minister Sergei Lavrov. 

Blinken speaks with Ukrainian Foreign Minister Kuleba

US Secretary of State Antony Blinken spoke on Monday with Ukrainian Foreign Minister Dmytro Kuleba “to offer continued support to the people and government of Ukraine and to condemn Russia’s attacks on Ukrainian cities and mounting civilian deaths,” according to a State Department readout. 

Biden faces bipartisan criticism over handling of Russia energy and foreign oil imports

US President Joe Biden is facing bipartisan criticism over the potential for new oil deals with Saudi Arabia, Venezuela, and Iran to offset the loss of Russian oil.

Asked if it were a good idea to import oil from Venezuela, Sen. Joe Manchin told CNN: “Not for us. Now other countries might be able to, we don’t have to. We can do ours. We can work with our neighbors, we can work with, with Canada and Mexico. A lot of other countries don’t have that opportunity.”

Manchin added: “Venezuela is a rough, tough actor, okay. And so is Iran. Saudis can pick up some slack, this and that and everything but we can do what we got to do.”

Sen. Mark Kelly, who is up for re-election, said of Biden’s indecision on Russian oil imports: “Well, I’m decided on this. I don’t think we should be buying Russian oil and gas.” Asked about getting oil from Venezuela potentially, Kelly said: “There are also opportunities here in the United States to increase production of gas.”

And Sen. Rick Scott, who is the head of the Senate GOP campaign committee, said: “We should stop importing Russian oil period. And we shouldn’t be going to Venezuela. … When are we going to learn that we can’t be relying on these thugs?”

The top three House Republicans also slammed Biden over the potential move and called on the President to instead ramp up domestic oil production — something the GOP has long been pushing for.

House Minority Leader Kevin McCarthy said it’s “wrong” for Biden to seek oil from those other countries and argued it’s better for US jobs and national security for Biden to open up American oil and gas. “Why would he continue to fund these people who fund terrorists?” McCarthy said to CNN.

House GOP conference chair Elise Stefanik called it “outrageous” that Biden is looking to “dictators around the world” for energy. And House Minority Whip Steve Scalise told reporters “it’s time for President Biden to start looking right here in America for our energy.”

“Don’t replace Russian oil with Iranian oil. Replace it with American oil,” Scalise said. “For some reason, President Biden doesn’t want to look right here underneath his feet.”

Rank-and-file Republicans had equally harsh words for Biden: Rep. Chris Stewart of Utah, a member of the House Intelligence Committee, called it “kind of nuts” and warned it would “empower Venezuela” and “enrich Iran.” And Rep. Mario Diaz-Balart of Florida said he was “speechless” and hoped the reports weren’t true.

“I don’t think anybody could be this much of an imbecile. And I say that painfully because it’s too reckless, too stupid, too idiotic, too dangerous for it to be true,” Diaz-Balart said. “This will do nothing, by the way. Venezuelan oil? They’re barely producing right now.”

UK Ministry of Defence says Russia continues targeting evacuation corridors in Ukraine

The UK Ministry of Defence on Monday accused Russian forces of targeting evacuation corridors and killing “several civilians” trying to evacuate the town of Irpin, according to the latest intelligence assessment released publicly by the department since Russia’s invasion of its neighbor.

The ministry noted that due to heavy fighting, Irpin has been without heat, water or electricity for several days.

The intelligence assessment also reported that resistance against Russia advancements towards Kyiv has persisted in the nearby towns of Hostomel, Bucha, Vorzel and Irpin.

Ukraine ambassador to UN says Russia continues to disregard "norms of international humanitarian law"

Ukraine Ambassador to the UN Sergiy Kyslytsya led his remarks to the UN Security Council Monday by likening Russia’s invasion into Ukraine to the way Germany disregarded what he called “the norms of international humanitarian law during hostilities” during World War II.

The ambassador said Ukrainians will be able to evacuate through evacuation routes only when Russia fully upholds a cease-fire.

Kyslytsya said it was “appalling” that Russian troops were opening fire on evacuees after both countries had allocated certain roads to be utilized as evacuation corridors. 

As of Sunday, the ambassador said Ukraine’s Ministry of Health reported that 34 hospitals in the country were completely destroyed; the World Health Organization reported that 6 Ukrainian doctors were killed and 11 were wounded as a result of Russian shelling. 

Kyslytsya said that Ukraine’s Ministry of Education has reported more than 211 Ukrainian schools as being damaged or destroyed due to Russian shelling since the beginning of the invasion resulting in thousands of Ukrainian children being deprived from their right to education.

“Russia bears full responsibility for the killing and injuring of innocent people, destruction of civilian infrastructure, and obstacles for their safe departure of Ukrainians and foreign citizens,” the Ambassador said. 

Russian Ambassador to the UN Vasily Nebenzia responded to Kyslytsya’s comments reiterating that Russian authorities agreed to carry out a ceasefire Tuesday morning at 10 a.m. Moscow time, to open up evacuation corridors to evacuate civilians from Kyiv, Chernihiv, Sumy Karkhiv and Mariupol.

“My Ukrainian colleagues said that Ukraine is ready to work in this direction, but let’s see what answer we get to this proposal from the Russian authorities,” Nebenzia said.

CNN’s Liam Reilly and Kiely Westhoff and Pooja Salhorta contributed to this reporting

US House majority leader says bill to ban Russia energy imports could come "this week"

House Majority Leader Steny Hoyer emerged from the House Democratic leadership meeting moments ago.

Asked by CNN when the legislation to ban Russian energy imports could come to the floor and he said, “this week.”

Some background: A powerful, bipartisan group in Congress announced Monday that it would craft legislation suspending normal trade relations with Russia and Belarus, and grant the White House the authority to increase tariffs on the two countries, in response to Russia’s invasion of Ukraine.

In a significant statement, four top lawmakers – the Democratic and Republican leaders of the House Ways and Means Committee and the Senate Finance Committee – said they would require the US trade representative to try to suspend Russia’s participation in the World Trade Organization and would provide President Joe Biden the power to restore trade relations subject to certain conditions and congressional disapproval.

They also said they had agreed to strike a deal banning the import of “energy products” from Russia. The letter was signed by Massachusetts Democratic Rep. Richard Neal, Texas GOP Rep. Kevin Brady, Oregon Democratic Sen. Ron Wyden and Republican Sen. Mike Crapo of Idaho.

US gas hits a record: $4.14 a gallon

US drivers have never paid this much for gasoline. The price for a gallon of regular gas now stands at $4.14, according to the Oil Price Information Service, the firm that collects and calculates prices for AAA.

That breaks the previous record of $4.11 a gallon, which has stood since July 2008. 

As Russia continues to invade Ukraine, gas prices are rising faster than they have since Hurricane Katrina slammed into oil platforms and refineries along the US Gulf Coast in 2005.

"I'm not afraid of anyone": Read President Zelensky's full 9-minute speech to Ukraine

Ukrainian President Volodymyr Zelensky has posted a video of himself in his office in Kyiv Monday night, the first time he has been seen there since the invasion began on Feb. 24. 

In a nine-minute speech, from behind his desk, at the Presidential Palace, Zelensky said “the Ukrainian army holds its positions.” He added that he remains in Kyiv and is “not afraid of anyone.”

The Ukraine Presidential Office released a transcript of his full speech. You can read it below:

Monday. Evening. You know, we used to say: Monday is a hard day. There is a war in the country. So every day is Monday. 

And now we are used to the fact that every day and every night are like that. 

Today is the 12th. 12th evening of our struggle. Our defense. 

We are all on the ground, we are all working. 

Everyone is where they should be. I am in Kyiv. My team is with me. The territorial defense is on the ground. The servicemen are in positions. Our heroes! Doctors, rescuers, transporters, diplomats, journalists… 

Everyone. We are all at war. We all contribute to our victory, which will definitely be achieved. By force of arms and our army. By force of words and our diplomacy. By force of spirit, which the first, the second and each of us have. 

Take a look at our country today. 

Chaplynka, Melitopol, Tokmak, Novotroitske and Kherson. Starobilsk. Everywhere people defended themselves, although they do not have weapons there. But these are our people, and that’s why they have weapons. 

They have courage. Dignity. And hence the ability to go out and say: I’m here, it’s mine, and I won’t give it away. My city. My community. My Ukraine. 

Every Ukrainian man and woman who protested against the invaders yesterday, today and will protest tomorrow are heroes. 

We shout at the invaders together with you. We stand in the squares and streets with you. We are not afraid with you when the invaders open fire and try to drive everyone away. 

YOU do not back down. 

WE do not back down. 

And the one who repeated: “We are one people” - certainly did not expect such a powerful reaction. 

In the south of our country, such a national movement has unfolded, such a powerful manifestation of Ukrainianness that we have never seen in the streets and squares there. And for Russia it is like a nightmare. 

They forgot that we are not afraid of paddy wagons and batons. We are not afraid of tanks and machine guns. When the main thing is on our side, truth. As it is now. 

Mariupol and Kharkiv, Chernihiv and Sumy. Odesa and Kyiv. Mykolaiv. Zhytomyr and Korosten. Ovruch. And many other cities. 

We know that hatred that the enemy brought to our cities with shelling and bombing will not remain there. There will be no trace of it. Hatred is not about us. Therefore, there will be no trace of the enemy. We will rebuild everything. We will make our cities destroyed by the invader better than any city in Russia. 

Enerhodar. Chornobyl. And other places where barbarians just don’t understand WHAT they want to capture. WHAT they want to control. Your work, your hard work on critical objects is a real feat. And we see it. We are sincerely grateful for it. 

The Ukrainian army holds positions. Well done! It inflicts extremely painful losses on the enemy. Defends. Counterattacks. If necessary - can take revenge. Necessarily. For every evil. For every rocket and bomb. For each destroyed civilian object. 

Today in Makariv, Kyiv region, they fired at the bread factory. For what? The old bread factory! Think about it - to fire at the bread factory. Who should you be to do that? 

Or to destroy another church - in the Zhytomyr region. The Church of the Nativity of the Blessed Virgin built in 1862. 

These are NOT people. 

There was an agreement on humanitarian corridors. 

Did it work? Russian tanks worked instead. Russian “Grads”. Russian mines. They even mined the road, which was agreed to transport food and medicine for people and children in Mariupol. 

They even destroy buses that have to take people out. But … At the same time, they are opening a small corridor to the occupied territory. For several dozen people. Not so much to Russia, as to propagandists. Directly to their TV cameras. Like, that’s the one who saves. Just cynicism. Just propaganda. Nothing more. No humanitarian sense. 

The third round of negotiations in Belarus took place today. I would like to say - the third and final. But we are realists. So we will talk. We will insist on negotiations until we find a way to tell our people: this is how we will come to peace. 

Exactly to peace. 

We must realize that every day of struggle, every day of resistance creates better conditions for us. Strong position to guarantee our future. In peace. After this war. 

Apart from the dead people and the destroyed cities, the war leaves destroyed the aspirations that once seemed very important, but now … You don’t even mention them. 

Almost three years ago, as soon as the election took place, we entered this building, this office, and immediately began planning our move. 

I dreamed of moving from Bankova. Together with the government and parliament. To unload the center of Kyiv and in general - to move to a modern, transparent office - as befits a progressive democratic European country. 

Now I will say one thing: I stay here. 

I stay in Kyiv. 

On Bankova Street. 

I’m not hiding. 

And I’m not afraid of anyone. 

As much as it takes to win this Patriotic War of ours. 

Today I signed a decree to present state awards of Ukraine to 96 Ukrainian heroes - our military. 

Including… 

The Order of Bohdan Khmelnytsky of the second degree is awarded to: 

Major Oleksandr Oleksandrovych Sak. Commander of the mechanized battalion who entered the battle with the battalion tactical group of the enemy and won thanks to a rational approach to combat and non-standard tactics. 

Captain Rostyslav Oleksandrovych Sylivakin. Commander of the mechanized battalion, which successfully fought the overwhelming forces of the enemy, liberating Ukrainian towns and villages in the Sumy region. 

The Order of Bohdan Khmelnytsky of the third degree is awarded to: 

Lieutenant Ihor Serhiyovych Lozovyi. Acting as part of the group, he stopped a column of enemy vehicles numbering about 150 units, which was moving in the direction of the Zhytomyr-Kyiv route. Destroyed. 

Lieutenant Vitaliy Viktorovych Poturemets. He showed exemplary courage and composure in the battle, destroying a column of enemy equipment near the city of Kyiv. He was wounded. 

The Order “For Courage” of the third degree is awarded to: 

Master Sergeant, Commander of the Automobile Platoon Valentyn Viktorovych Baryliuk. Thanks to his brave actions and personal determination, the tank unit received fuel in time and left the encirclement, destroying the enemy on the way. 

All 96 of our heroes are like these five! 

Our gratitude to all the military. 

Our gratitude to the Armed Forces of Ukraine! 

Our gratitude is boundless. 

Glory to Ukraine! 

Ukrainian President Zelensky seen in his office for first time since Russian invasion began

Ukrainian President Volodymyr Zelensky has posted a video of himself in his office in Kyiv Monday night, the first time he has been seen there since the invasion began on Feb. 24. 

Looking out of the window before closing the curtain, Zelensky opened his video statement, saying:

Apart from a brief outdoor appearance with members of his government soon after the invasion began, this is the first time he has been seen outside of his bunker since the Russian invasion began.  

Pentagon spokesperson: We believe Putin is trying to recruit fighters from Syria to fight in Ukraine

The Pentagon does believe reports that Russian President Vladimir Putin is trying to recruit foreign fighters, specifically from Syria, to fight in Ukraine on behalf of Russian forces are true, Pentagon spokesman John Kirby told CNN’s Jake Tapper on Monday.

Ukrainian foreign minister will meet with Russian counterpart Thursday

Dmytro Kuleba, Ukraine's minister of foreign affairs, is seen on Saturday after meeting with US Secretary of State Antony Blinken in Korczowa, Poland.

Ukrainian Minister of Foreign Affairs Dmytro Kuleba has confirmed he plans to meet with Russian Foreign Minister Sergey Lavrov on Thursday, March 10.

Kuleba said on Ukrainian television Monday that if Lavrov was ready for a serious substantive conversation, then he was ready as well. Kuleba said he would talk to anyone so that peace could be established.

Russia proposes new ceasefire in 5 Ukrainian cities. Ukraine hasn't agreed yet.

Russia has proposed a new ceasefire starting 10 a.m. Moscow time, which is 2 a.m. ET Tuesday, which indicates it’s ready to open evacuation corridors from Kyiv, Chernihiv, Sumy, Kharkiv and Mariupol, Russian media reports quoting the Russian Coordination Headquarters for Humanitarian Response in Ukraine.

Ukraine has yet to formally agree to the ceasefire proposal. 

“Russia declares a ceasefire from 10 a.m. (Moscow time) on March 8, and is ready to provide humanitarian corridors: from Kyiv and adjacent settlements to the Russian Federation through the territory of the Republic of Belarus to Gomel,” Russian media quotes the statement.  

The Russian statement added that evacuation corridors “will also be open from Chernihiv through the territory of Belarus, from the city of Sumy along two routes to Poltava and to the territory of Russia, from Kharkiv to the territory of Russia or to Lviv, Uzhgorod, Ivano-Frankivsk. Also, a humanitarian corridor will be opened from Mariupol along the two routes to the territory of Russia and Zaporizhie.”

Russia said it is offering to agree on the plan for the evacuation corridors with Ukraine by 3 a.m. ET Moscow time on Tuesday, ahead of the ceasefire starting at 10 a.m. ET local time.

500 more US troops will deploy to Poland, Romania, Germany and Greece, Pentagon says

Pentagon press secretary John Kirby talks to reporters on Monday.

The Pentagon announced Monday another 500 US troops would be deploying to Europe to reinforce NATO’s flank, including, Poland, Romania, Germany and Greece.

Pentagon press secretary John Kirby announced the new deployments on Monday, which he said are being positioned to support US forces already in Europe in response to Russia’s invasion of Ukraine. 

The new deployments include KC-135 refueling aircraft from Fairfield Air Force Base in Spokane, Washington, to Greece, along with 150 personnel for refueling support. An air support operations center made up of 40 troops from Fort Stewart, Georgia, are deploying to Poland and Romania. And 300 US personnel are deploying to Germany to make up a modular ammunition ordnance company from Fort Bragg, North Carolina and a support maintenance company out of Fort Stewart. 

What is the latest with the Russian invasion of Ukraine: Russian forces continue to see more success in southern Ukraine. They have taken control of Kherson, a town on the coast of the Sea of Azov, and Berdyans’k, another coastal town, Kirby said. The US also believes Russia is in control of the nuclear power plant near the Dnieper River, Kirby said.

“We believe they are very much aimed on taking Mariupol, Mariupol is a violent place to be right now, this is another location for long-range fires and bombardment,” Kirby added.

Russian forces continue to rely more and more on “long-range fires,” including “bombardment, missile strikes, and long-range artillery into city centers,” the Pentagon press secretary said on Monday.

“What we assess is as they continue get frustrated, they continue to rely now more on what we would call long range fires. So this is bombardment, missile strikes, long range artillery into city centers that they aren’t in yet at least not on the ground in any significant number,” Kirby said.

The US does not see Russian forces taking control of Kyiv, the capital. There is “heavy fighting outside” of Kharkiv and “they are still attempting to encircle” the city of Chernihiv in the north, Kirby added.

A large Russian military convoy outside of Kyiv is “still stalled, it is still stuck,” Pentagon spokesman John Kirby told reporters on Monday. 

 “We don’t assess over the course of the weekend that it has made any progress,” he added.

 The main purpose of the convoy is mainly “re-supply,” Kirby said. 

US stocks fall again as Ukraine worries weigh on investors

US stocks fell sharply on Monday as investors continued to monitor the military conflict between Russia and Ukraine.

It was the worst day of the year for the Dow and S&P 500. The Nasdaq is now in a bear market as tech stocks were crushed. Energy stocks and utilities were among the few winners following a big spike in crude oil and gas prices. Several defense stocks hit new all-time highs as well. Bed Bath & Beyond surged after Ryan Cohen, the Chewy co-founder who is trying to turn around GameStop, disclosed he purchased a big stake. 

Here’s how the markets closed on Monday:

  • The Dow was down 2.4%, or about 797 points.
  • The S&P 500 fell 3%.
  • The Nasdaq Composite plunged 3.6%.

Note: As stocks settle after the trading day, levels might still change slightly.

Go Deeper

Blinken says US has seen reports of Russian abuses in Ukraine that ‘would constitute a war crime’
Defiance and disobedience are flourishing in Russian-held Ukraine
Fears grow for Ukrainian civilians after checkpoint is shelled and evacuations fail for a second day
War in Ukraine has sparked a scramble for dollars

Go Deeper

Blinken says US has seen reports of Russian abuses in Ukraine that ‘would constitute a war crime’
Defiance and disobedience are flourishing in Russian-held Ukraine
Fears grow for Ukrainian civilians after checkpoint is shelled and evacuations fail for a second day
War in Ukraine has sparked a scramble for dollars